This year marks the 18th BENCHMARK Fund of the Year Awards. It is an exceptional year to celebrate the launch of a most disruptive Sustainability and Qualitative analytic platform, BlueOnion by WealthAsia Media.  

In conjunction with:

Winners of the 2021's MPF Awards

The MPF Trustee Awards recognize that Trustees regulated by the MPFA  have demonstrated excellence in discharging their fiduciary duties, creativity, and leadership in the following categories.  The firm with the highest score in the respective category will win the Best-in-Class award. Up to two Outstanding Achiever awards will be given to providers within a 5% margin below the Best-in-Class.

CategoryCompanyAward
Risk Management AwardBCT GroupBest-in-Class

The “Risk Management” category aims to identify best practice MPF Trustees who have best-in-class risk control infrastructures, practices, and outcomes. Please demonstrate your firm’s foresight, vision, and accomplishments on the following:

The submission criteria include qualities below:

  • Effective appointment, termination, and oversight of Service Providers for services delegated
  • Explicit policies covering product responsibilities, customer data privacy, customer satisfaction measurement
  • Integration of risk management into key functions, from the front to the back offices, for greater competitiveness and operational safety and efficiency
  • Conflict management between outsourced vendors and the Trustee within the same financial group
  • Employing digital innovation while mitigating concerns derived from cyber-attacks
  • Protection of data privacy and the vulnerabilities that emerged from automation
  • Digitization and global expansion of your firm’s digital ecosystems
  • Governance protocol for decision-making processes
  •  
  •  
CategoryCompanyAward
Corporate GovernanceHSBCBest-in-Class

The “Corporate Governance” category aims to identify best practice MPF Trustees with a robust governance framework, infrastructure, and an operating model.  The process examines the critical functions of the board’s role, responsibility and compensation, risk culture, people, and talents, processes, and technologies while maintaining a diverse board of directors. 

The submission includes the qualities below:

  • The risk management and culture of your organization
  • Senior executives’ code of ethics, audit committee independence, Chairman, CEO Board separation, board diversity policy, etc…
  • The Board Diversity Policy and your firm’s commitment to a diverse board
  • Relevant committees and their policies and practices
  • Your firm’s principles for managing both internal and external stakeholders’ interests
  • Your CRO and CCO’s reporting protocol 
CategoryCompanyAward
Employer SupportBCT GroupBest-in-Class
Employer SupportPrincipal Investment & Retirement Services LimitedOutstanding Achiever

This Award recognizes an in-house team of an MPF Trustee that has demonstrated achievements in the following Service Levels and achievements: 

The submission criteria include qualities below:

  • Online Support: Whether the provider offers a streamlined onboarding process for new employee enrollment, whether forms are easily accessible, switching of funds is enabled, and the submission process is well organized through website and app access. 
  • Service Pledges: Please describe your service pledge to the employer, describing your service level, charges, administrative undertakings, updates on regulatory changes, etc.  Notes will be compared with the MPFA's Trustee Service Comparative Platform.
  • Communication and Reporting: Whether the portal/statement provides an interactive portfolio overview, performance, and risk figures accompanied by the company’s commentaries and messages, and keeping the employers abreast of new legislation and regulations.
  • Measuring Success: What are the key indicators used to measure client satisfaction, what mechanisms are used for collecting and measuring end customers’ feedback, what has been the attrition rate, and whether this effort demonstrates impressive growth for assets under administration
  •  
  •  
CategoryCompanyAward
Member ServicingBCT GroupBest-in-Class
Member ServicingSun Life Hong KongOutstanding Achiever

This Award recognizes an in-house team of an MPF Trustee that has demonstrated achievements in the following Service Levels and achievements: 

The submission criteria include qualities below:

  • Online Support: Whether the provider offers a streamlined onboarding process for new employee enrollment, whether forms are easily accessible, switching of funds is enabled, and the submission process is well organized through website and app access. 
  • Putting the Members First: Whether the process puts its end customers’ needs first and whether it has a structured approval process to ensure end customers’ satisfaction through tracking and improvements of end-customer satisfaction rates, customer retention rates, response time, and ability to provide accurate, precise and usable information.
  • Empowerment of Members: Whether there are tools to enable customers to do things themselves and become more engaged in the process – tracking their existing portfolio holdings, researching new investment opportunities, and comparing with other investments outside of the company’s.
  • Communication and Reporting: The portal/statement provides an interactive portfolio overview, performance, and risk figures accompanied by the company’s commentaries and messages.
  • Measuring Success: What are the key indicators used to measure client satisfaction, and what are the mechanisms for collecting and measuring end customers’ feedback
  • ECA Effort: Whether the team and process are robust enough to provide timely service to clients who actively utilize the benefits of ECA to manage their retirement account, and whether there is a mechanism to detect unusual and unethical behavior.
  • DIS Implementation: What are the proactive initiatives taken to educate the members on the implementation of DIS and whether a fair approach has been taken to inform the members of its pros and cons, and what factors they should consider when contemplating such strategies.
  •  

Regrettably, there are no winners in this category

The “Compliance” category aims to identify best practice MPF Trustees who go beyond the most minimal regulatory requirement and proactively build an effective defense system for internal control that prepares the organization to face unanticipated market events and disruptive trends. The critical criteria in this category include the following. Please explain:

How your firm’s compliance addresses the various business functions:

  • Process and rationale of integrating compliance into business functions
  • Segregation between Trustee's and Sponsor's duties and responsibilities
  • New product due diligence, onboarding, monitoring, and development
  • Meeting international ESG demand and applying global normative assessment
  • Product and other training for intermediaries
  • IT and technology framework, including data collection, data privacy, data processing
    the role and responsibility of the CCO
  • The transparency between the business owners, process owners, and audit the lines of defense

Regrettably, there are no winners in this category

This award  highlights the responsibilities that MPF trustees, as asset owners, have in helping to shape the world we live in.”  This award is given to the Trustees that embrace Responsible Investing and practice Active Ownership and integrate ESG into their ownership policies and practices while driving positive real-world goals.

Apart from illustrating their collaborative engagement initiatives with the underlying investment managers, they prioritize outcomes at the society/economy-wide scales, such as addressing climate change and corruption, rather than purely focusing on pure risks and returns of the holdings in the portfolio.

Judges will be looking for qualities in:

  • the foundation of the practical stewardship principles and sustainability issues identification
  • ongoing development and implementation of the responsible investment strategies and policies
  • monitoring and assessment techniques of the investment managers and  investee companies
  • the collaboration goals and engagement principles with the investment managers
  • how voting rights are exercised by the investment managers
  • how ESG is promoted as long-term value creation
  • level of transparency, disclosure, and reporting

Multiple funds of the underlying investment managers will be drawn randomly from BlueOnion* to demonstrate the walking the talks of the fund houses’ ESG, GC, and Temperature performances against their peers.

*BlueOnion is Benchmark's disruptive fund research platform hosting over 180,000 funds with sustainability data, including ESG, Global Compact (GC), and Temperature Score over 65,000 funds in 14 countries.

www.blueonion.today

    •  

Regrettably, there are no winners in this category

We are looking for a company that adopts best practices in recruiting, managing, and retaining the talent pool to meet the Social responsibilities in the realm of ESG. Companies that care deeply about their employees' health, safety, and wellness and have cultivated a healthy workplace should consider entering this category.

Judges will be looking for qualities in:

  • Retention: Ability to attract, retain, and develop human capital, as well as the exposure to risks of increased costs associated with high employee turnover or reduced productivity resulting from poor morale.
  • Engagement: Formal employee engagement channels, broad-based professional development, training opportunities, and implementing flexible work hours.
  • Benefits: Comprehensive compensation and benefits packages provide annual profit-sharing bonuses, regularly giving employees a substantial and concrete stake in the company’s success. It also offers incentives in short-term activities and benefits aligned to customers’ long-term interests and gifts.
  • Culture: The company empowers professional and personal growth by demonstrating strong leadership, communication, culture, and corporate social responsibility.
  • Training and Development: Explicit policies and execution that covers internal promotion, Supplier ESG Training, Career Development Policy, and Average # of training hours
  • Diversity and Inclusion: Best practice policies to broaden the pool of talent to include all genders, races, and ages.
    •  

The Investment Manager Awards is designed to recognize underlying managers of MPF Schemes in various asset classes and strategies for delivering sustained, consistent outperformance on a risk-adjusted basis while maintaining excellence in Benchmark's pillars of Investment Approach, Performance & Risk, Portfolio Management, Stewardship, and Corporate Quality.

Winning Titles
The strategy with the highest final score in its peer group wins the Best-in-Class award. Up to two Outstanding Achiever awards will be given to Strategies within a 5% margin below the Best-in-Class

CategoryCompanyAward
Asia Pacific EquityHSBC Asset ManagementBest-in-Class
China EquityPrincipal Asset Management Company (Asia) LimitedBest-in-Class
Global Equity-Regrettably, there are no winners in this category
Greater China EquityPrincipal Asset Management Company (Asia) LimitedBest-in-Class
Greater China EquityHSBC Asset ManagementOutstanding Achiever
Hong Kong Equity-Regrettably, there are no winners in this category
CategoryCompanyAward
Asia Fixed IncomeManulife (International) LimitedBest-in-Class
Global Fixed IncomeHSBC Asset ManagementOutstanding Achiever
Hong Kong Dollar Fixed IncomeManulife (International) LimitedBest-in-Class
RMB Fixed IncomeManulife (International) LimitedOutstanding Achiever
CategoryCompanyAward
Aggressive Mixed Assets (81% to 100% Equity)HSBC Asset ManagementBest-in-Class
CategoryCompanyAward
ESG integrationHSBC Asset ManagementBest-in-Class

Judging

Judging

The ESG Integration Award recognizes investment management companies that demonstrate commitments to integrate ESG into their investment decision-making throughout the investment process for the entire suites of their products, investment activities and reinforces ESG's role in Long-Term Value Creation.

Judges looked for qualities in:

  • the systematic approach: innovative approaches to applying environmental, social, and governance (ESG) analysis to the funds being managed across the board, despite the sectors, countries, and asset classes
  • the team buy-in and implementation: how multiple teams come to a consensus for the performance across the board
  • disclosure: disclosed policies and procedures for integrating ESG information and metrics into the investment process communicated to investee companies
  • execution: resources, constraints, and timeline management
  • outcomes: How are results measured the key learnings from this approach

Regrettably, there are no winners for this category

Judging

In consultation with our panel of 70-80 buy-side jurors, consisting of mainly private and premier banking gatekeepers/fund selectors, family offices, and institutional investors, plus a handful of independent consultants and researchers – we’ve designed a scoring system with a questionnaire containing multiple options and binary answers. There are 3 levels of scores, the final score is a weighted combination of Levels I, II, and III:

Level I Score: Fund Questionnaire
Level II: Score: Juror Assessment
Level III Score: The Gatekeeper Forum

Overall Score = 10% (Level I) + 80% (Level II)+ 10% (Level III)

Level I Score: All participants are scored based on their selections of the options preset for each question in the Fund Questionnaire. The scores are also pre-defined for each option in each question along the five key pillars.

Level II Score: Jurors who have signed up/assigned to a particular peer group will score based on their experience with the fund house and team, and the overall Level I scores presented to them. Scoring at this level could be relatively subjective, as each juror has his/her selection priorities, often guided by their underlying needs. For example, a private banking gatekeeper would have a different priority on criteria selection versus a single-family office.

Level III Score: All participants are invited to join The Gatekeeper’s Forum to present their strategies to the jurors. This is a highly curated forum where only the PM, CIO, or Product Specialists are invited to meet the Senior Gatekeepers in person. During the 30 minute session, a panel of 6-8 jurors will ask in-depth questions along the five key pillars for further understanding of the team practices. Jurors will score based on their satisfaction with the information received during the session.

Other Rules
Submitting Materials for Multiple Strategies – Separate groups of jurors will evaluate different product types, so please make sure there is one submission per strategy. DO NOT send one submission to represent different strategies. Please submit separate entries for each strategy, with the exception of Pillar 5-Corporate Strength.

Merging Categories To ensure the quality of the awards, categories with less than three funds participating may be merged to a larger category of the same kind without prior notice

Eligibility

Although this program assesses investment strategies rather than funds, we ask for factsheets and other information related to the oldest share class of a flagship fund so that all candidates can be measured by the same metrics. The flagship strategy must:

  • have a minimum 3 years track record
  • disclose the most recent full holdings
  • provide a prospectus or fact sheet

The underlying strategy submitted does not have to be an authorized fund in Hong Kong. It can be a UCITS, SICAV, etc…

BENCHMARK’s top Mandatory Provident Funds (MPF) are purely based on long-term performance. This award is designed to help scheme members identify the best risk-adjusted returns among MPF schemes’ constituent funds.

MPF NameCategoryAwards
AIA Prime Value Choice Asian EquityAsia EquityBest-in-Class
Principal Series 800 Age 65 PlusDefault Investment Strategy - Age 65 Plus FundBest-in-Class
HSBC SuperTrust Plus Core AccumulationDefault Investment Strategy - Core Accumulation FdBest-in-Class
Hang Seng SuperTrust Plus Core AccumulationDefault Investment Strategy - Core Accumulation FdBest-in-Class
Manulife Global Select MPF European EquityEurope EquityBest-in-Class
Manulife Global Select MPF International EquityGlobal EquityBest-in-Class
AIA Prime Value Choice Global BondGlobal Fixed IncomeBest-in-Class
BOC-Prudential My Choice China EquityGreater China EquityBest-in-Class
Mass Greater China EquityGreater China EquityOutstanding Achiever
Principal Smart Plan Dynamic Greater China EquityGreater China EquityOutstanding Achiever
Manulife Global Select MPF StableGuaranteed FundBest-in-Class
Manulife Global Select MPF Hong Kong BondHKD Fixed IncomeBest-in-Class
Fidelity Retirement Master Trust Hong Kong BondHKD Fixed IncomeOutstanding Achiever
Sun Life MPF Hong Kong EquityHong Kong EquityBest-in-Class
BOC-Prudential EC MPF CSI Hk 100 TrackerHong Kong Equity (Index Tracking)Best-in-Class
Sun Life Rainbow MPF StableLifestyle - (>20-40% Equity)Best-in-Class
Sun Life Rainbow MPF BalancedLifestyle - (>40-60% Equity)Best-in-Class
Sun Life Rainbow MPF GrowthLifestyle - (>60-80% Equity)Best-in-Class
Manulife Global Select MPF AggressiveLifestyle - (>80-100% Equity)Best-in-Class
Manulife Global Select MPF RMB BondRMB Fixed IncomeBest-in-Class
Manulife Global Select MPF 2030 RetirementTarget Date Mixed Assets 2030Best-in-Class
Manulife Global Select MPF 2035 RetirementTarget Date Mixed Assets 2035Best-in-Class
Manulife Global Select MPF 2040 RetirementTarget Date Mixed Assets 2040Best-in-Class
Mass US EquityUS EquityBest-in-Class

Eligibility

For eligibility, the fund must have the following characteristics:

  • Track Record >= 5 Years (>= 3 Years for DIS) 
  • Fund Size >= 50 Mil USD 
  • Category Unique Funds  >=3

Judging

1 Year Annualized Return (HKD) 10% 
3 Year Annualized Return (HKD) 20% 
5 Year Monthly I.R.R. (HKD) 30% 
10 Year Monthly I.R.R. (HKD) 40% 
Overall Score = 30% (Annualized Return) + 70% (Monthly I.R.R.) 

The MPF Trustee Awards recognize that Trustees regulated by the MPFA  have demonstrated excellence in discharging their fiduciary duties, creativity, and leadership in the following categories.  The firm with the highest score in the respective category will win the Best-in-Class award. Up to two Outstanding Achiever awards will be given to providers within a 5% margin below the Best-in-Class.

The “Compliance” category aims to identify best practice MPF Trustees who go beyond the most minimal regulatory requirement and proactively build an effective defense system for internal control that prepares the organization to face unanticipated market events and disruptive trends. The critical criteria in this category include the following. Please explain:

How your firm’s compliance addresses the various business functions:

  • Process and rationale of integrating compliance into business functions
  • Segregation between Trustee's and Sponsor's duties and responsibilities
  • New product due diligence, onboarding, monitoring, and development
  • Meeting international ESG demand and applying global normative assessment
  • Product and other training for intermediaries
  • IT and technology framework, including data collection, data privacy, data processing
    the role and responsibility of the CCO
  • The transparency between the business owners, process owners, and audit the lines of defense

The “Risk Management” category aims to identify best practice MPF Trustees who have best-in-class risk control infrastructures, practices, and outcomes. Please demonstrate your firm’s foresight, vision, and accomplishments on the following:

The submission criteria include qualities below:

  • Effective appointment, termination, and oversight of Service Providers for services delegated
  • Explicit policies covering product responsibilities, customer data privacy, customer satisfaction measurement
  • Integration of risk management into key functions, from the front to the back offices, for greater competitiveness and operational safety and efficiency
  • Conflict management between outsourced vendors and the Trustee within the same financial group
  • Employing digital innovation while mitigating concerns derived from cyber-attacks
  • Protection of data privacy and the vulnerabilities that emerged from automation
  • Digitization and global expansion of your firm’s digital ecosystems
  • Governance protocol for decision-making processes
  •  
  •  

The “Corporate Governance” category aims to identify best practice MPF Trustees with a robust governance framework, infrastructure, and an operating model.  The process examines the critical functions of the board’s role, responsibility and compensation, risk culture, people, and talents, processes, and technologies while maintaining a diverse board of directors. 

The submission includes the qualities below:

  • The risk management and culture of your organization
  • Senior executives’ code of ethics, audit committee independence, Chairman, CEO Board separation, board diversity policy, etc…
  • The Board Diversity Policy and your firm’s commitment to a diverse board
  • Relevant committees and their policies and practices
  • Your firm’s principles for managing both internal and external stakeholders’ interests
  • Your CRO and CCO’s reporting protocol 

This award  highlights the responsibilities that MPF trustees, as asset owners, have in helping to shape the world we live in.”  This award is given to the Trustees that embrace Responsible Investing and practice Active Ownership and integrate ESG into their ownership policies and practices while driving positive real-world goals.

Apart from illustrating their collaborative engagement initiatives with the underlying investment managers, they prioritize outcomes at the society/economy-wide scales, such as addressing climate change and corruption, rather than purely focusing on pure risks and returns of the holdings in the portfolio.

Judges will be looking for qualities in:

  • the foundation of the practical stewardship principles and sustainability issues identification
  • ongoing development and implementation of the responsible investment strategies and policies
  • monitoring and assessment techniques of the investment managers and  investee companies
  • the collaboration goals and engagement principles with the investment managers
  • how voting rights are exercised by the investment managers
  • how ESG is promoted as long-term value creation
  • level of transparency, disclosure, and reporting

Multiple funds of the underlying investment managers will be drawn randomly from BlueOnion* to demonstrate the walking the talks of the fund houses’ ESG, GC, and Temperature performances against their peers.

*BlueOnion is Benchmark's disruptive fund research platform hosting over 180,000 funds with sustainability data, including ESG, Global Compact (GC), and Temperature Score over 65,000 funds in 14 countries.

www.blueonion.today

    •  

This Award recognizes an in-house team of an MPF Trustee that has demonstrated achievements in the following Service Levels and achievements: 

The submission criteria include qualities below:

  • Online Support: Whether the provider offers a streamlined onboarding process for new employee enrollment, whether forms are easily accessible, switching of funds is enabled, and the submission process is well organized through website and app access. 
  • Service Pledges: Please describe your service pledge to the employer, describing your service level, charges, administrative undertakings, updates on regulatory changes, etc.  Notes will be compared with the MPFA's Trustee Service Comparative Platform.
  • Communication and Reporting: Whether the portal/statement provides an interactive portfolio overview, performance, and risk figures accompanied by the company’s commentaries and messages, and keeping the employers abreast of new legislation and regulations.
  • Measuring Success: What are the key indicators used to measure client satisfaction, what mechanisms are used for collecting and measuring end customers’ feedback, what has been the attrition rate, and whether this effort demonstrates impressive growth for assets under administration
  •  
  •  

This Award recognizes an in-house team of an MPF Trustee that has demonstrated achievements in the following Service Levels and achievements: 

The submission criteria include qualities below:

  • Online Support: Whether the provider offers a streamlined onboarding process for new employee enrollment, whether forms are easily accessible, switching of funds is enabled, and the submission process is well organized through website and app access. 
  • Putting the Members First: Whether the process puts its end customers’ needs first and whether it has a structured approval process to ensure end customers’ satisfaction through tracking and improvements of end-customer satisfaction rates, customer retention rates, response time, and ability to provide accurate, precise and usable information.
  • Empowerment of Members: Whether there are tools to enable customers to do things themselves and become more engaged in the process – tracking their existing portfolio holdings, researching new investment opportunities, and comparing with other investments outside of the company’s.
  • Communication and Reporting: The portal/statement provides an interactive portfolio overview, performance, and risk figures accompanied by the company’s commentaries and messages.
  • Measuring Success: What are the key indicators used to measure client satisfaction, and what are the mechanisms for collecting and measuring end customers’ feedback
  • ECA Effort: Whether the team and process are robust enough to provide timely service to clients who actively utilize the benefits of ECA to manage their retirement account, and whether there is a mechanism to detect unusual and unethical behavior.
  • DIS Implementation: What are the proactive initiatives taken to educate the members on the implementation of DIS and whether a fair approach has been taken to inform the members of its pros and cons, and what factors they should consider when contemplating such strategies.
  •  

We are looking for a company that adopts best practices in recruiting, managing, and retaining the talent pool to meet the Social responsibilities in the realm of ESG. Companies that care deeply about their employees' health, safety, and wellness and have cultivated a healthy workplace should consider entering this category.

Judges will be looking for qualities in:

  • Retention: Ability to attract, retain, and develop human capital, as well as the exposure to risks of increased costs associated with high employee turnover or reduced productivity resulting from poor morale.
  • Engagement: Formal employee engagement channels, broad-based professional development, training opportunities, and implementing flexible work hours.
  • Benefits: Comprehensive compensation and benefits packages provide annual profit-sharing bonuses, regularly giving employees a substantial and concrete stake in the company’s success. It also offers incentives in short-term activities and benefits aligned to customers’ long-term interests and gifts.
  • Culture: The company empowers professional and personal growth by demonstrating strong leadership, communication, culture, and corporate social responsibility.
  • Training and Development: Explicit policies and execution that covers internal promotion, Supplier ESG Training, Career Development Policy, and Average # of training hours
  • Diversity and Inclusion: Best practice policies to broaden the pool of talent to include all genders, races, and ages.
    •  

The Investment Manager Awards is designed to recognize underlying managers of MPF Schemes in various asset classes and strategies for delivering sustained, consistent outperformance on a risk-adjusted basis while maintaining excellence in Benchmark's pillars. Benchmark and the buy-side community believe that investment strategies are best evaluated holistically rather than over-emphasizing past returns and risk metrics. In that light, our assessment is based on multiple facets of portfolio and risk management, and corporate strength. We see these facets as interlocking pieces forming a whole picture. Benchmark's five pillars are Investment Approach, Performance & Risk, Portfolio Management, Stewardship, and Corporate Quality.

Winning Titles
The strategy with the highest final score in its peer group wins the Best-in-Class award. Up to two Outstanding Achiever awards will be given to Strategies within a 5% margin below the Best-in-Class

Although this program assesses investment strategies rather than funds, we ask for factsheets and other information related to the oldest share class of a flagship fund so that all candidates can be measured by the same metrics. The flagship strategy must:

  • have a minimum 3 years track record
  • disclose the most recent full holdings
  • provide a prospectus or fact sheet

The underlying strategy submitted does not have to be an authorized fund in Hong Kong. It can be a UCITS, SICAV, etc…

In consultation with our panel of 70-80 buy-side jurors, consisting of mainly private and premier banking gatekeepers/fund selectors, family offices, and institutional investors, plus a handful of independent consultants and researchers – we’ve designed a scoring system with a questionnaire containing multiple options and binary answers. There are 3 levels of scores, the final score is a weighted combination of Levels I, II, and III:

Level I Score: Fund Questionnaire
Level II: Score: Juror Assessment
Level III Score: The Gatekeeper Forum

Overall Score = 60% (Level I) + 30% (Level II)+ 10% (Level III)

Level I Score: All participants are scored based on their selections of the options preset for each question in the Fund Questionnaire. The scores are also pre-defined for each option in each question along the five key pillars.

Level II Score: Jurors who have signed up/assigned to a particular peer group will score based on their experience with the fund house and team, and the overall Level I scores presented to them. Scoring at this level could be relatively subjective, as each juror has his/her selection priorities, often guided by their underlying needs. For example, a private banking gatekeeper would have a different priority on criteria selection versus a single-family office.

Level III Score: All participants are invited to join The Gatekeeper’s Forum to present their strategies to the jurors. This is a highly curated forum where only the PM, CIO, or Product Specialists are invited to meet the Senior Gatekeepers in person. During the 30 minute session, a panel of 6-8 jurors will ask in-depth questions along the five key pillars for further understanding of the team practices. Jurors will score based on their satisfaction with the information received during the session.

Other Rules
Submitting Materials for Multiple Strategies – Separate groups of jurors will evaluate different product types, so please make sure there is one submission per strategy. DO NOT send one submission to represent different strategies. Please submit separate entries for each strategy, with the exception of Pillar 5-Corporate Strength.

Merging Categories To ensure the quality of the awards, categories with less than three funds participating may be merged to a larger category of the same kind without prior notice

  1.  Asia Equity
  2. Asia Pacific Equity
  3. China Equity
  4. Europe Equity
  5. Global Equity
  6. Greater China Equity
  7. Hong Kong Equity
  8. Japan Equity
  9. United States Equity
  10. Sector Equity
  1. Asia Fixed Income
  2. Asia Pacific Fixed Income
  3. Global Fixed Income
  4. Hong Kong Dollar Fixed Income
  5. RMB Fixed Income
  1. Aggressive Mixed Assets (81% to 100% Equity)
  2. Growth Mixed Assets (61% to 80% Equity)
  3. Balanced Mixed Assets (41% to 60% Equity)
  4. Conservative Mixed Assets ( 21% to 40% Equity)
  5. Uncategorized Mixed Assets
  6. Default Investment Strategy – Core Accumulation 
  7. Default Investment Strategy – Age 65 Plus

The ESG Integration Award recognizes investment management companies that demonstrate commitments to integrate ESG into their investment decision-making throughout the investment process for the entire suites of their products, investment activities and reinforces ESG's role in Long-Term Value Creation.

Judges will be looking for qualities in:

  • the systematic approach: innovative approaches to applying environmental, social, and governance (ESG) analysis to the funds being managed across the board, despite the sectors, countries, and asset classes
  • the team buy-in and implementation: how multiple teams come to a consensus for the performance across the board
  • disclosure: disclosed policies and procedures for integrating ESGinformation and metrics into the investment process communicated to investee companies
  • execution: resources, constraints, and timeline management
  • outcomes: How are results measured the key learnings from this approach

Multiple funds of the candidates will be drawn randomly from BlueOnion* to demonstrate the walking the talks of the fund houses’ ESG, GC, and Temperature performances against their peers.

*BlueOnion is Benchmark's disruptive fund research platform hosting over 180,000 funds with sustainability data, including ESG, Global Compact (GC), and Temperature Score over 65,000 funds in 14 countries.

www.blueonion.today

    •  

This award recognizes fund houses putting the welfare of the beneficiaries at the forefront. This award is given to the fund houses that embrace Responsible Investing and practice Active Ownership and integrate ESG into their ownership policies and practices while driving positive real-world goals. Apart from illustrating their collaborative engagement initiatives with the investees, they prioritize outcomes at the society/economy-wide scales, such as addressing climate change and corruption, rather than purely focusing on pure risks and returns of the holdings in the portfolio.

Judges will be looking for qualities in:

  • the foundation of the practical stewardship principles
  • ongoing development and implementation of the stewardship policies
  • monitoring and assessment techniques of investee companies
  • the collaboration goals and engagement principles with investee companies and investors
  • how voting rights are exercised
  • how ESG is promoted as long-term value creation
  • level of transparency, disclosure, and reporting

Multiple funds of the candidates will be drawn randomly from BlueOnion* to demonstrate the walking the talks of the fund houses’ ESG, GC, and Temperature performances against their peers.

*BlueOnion is Benchmark's disruptive fund research platform hosting over 180,000 funds with sustainability data, including ESG, Global Compact (GC), and Temperature Score over 65,000 funds in 14 countries.

www.blueonion.today

    •  

Our honorable Jurors for 2021

Adeline Tan FIA

Wealth Business Leader, Hong Kong, Mercer

Alexandra Tracy

Founder and President, Hoi Ping Ventures

Anthony Cheung

Honorary Treasurer and Board Governor, Friends of the Earth (HK)

Billy Wong

Business Leader, Health & MPF, Hong Kong, Mercer

Chris Kyme

Co-founder & Creative Director, Kymechow

Elsa Pau

CEO, WealthAsia Group

Dr. Gloria Siu

Chief Executive Gain Miles Group

Maria Tsui

Partner, Asset and Wealth Management Industry Practice, Pricewaterhouse Coopers

Stephanie Choi

Sustainable & Impact Investing Strategist, Chief Investment Office UBS Global Wealth Management

Wyman Leung M.Phil, FRM

Chief Investment Officer, AMG Financial Group

Adeline Tan FIA

Wealth Business Leader, Hong Kong, Mercer

Adrian Chan

Associate Director, Investments, RS Group

Agnes Tai

Director, Great Glory Investment Corporation

Alan Chan

Head of Investment, OCBC Wing Hang

Alexandra Tracy

President Hoi Ping Ventures

Alvin Ma

Managing Director & Partner, Axiom Investment Management Limited

Alvin Poh, CFA, CAIA, CFTe

General Manager, Single Family Office

Andrea Webster

Managing Director, Chartwell Capital

Anthony Cheung

Honorary Treasurer and Board Governor Friends of the Earth (Hong Kong)

Arjan De Boer

Head of Markets and Investment Solutions, Asia, Indosuez Wealth Management

Arun R. Kelshiker, CFA, CAIA

Senior Investment Professional

Belinda Hsieh

Executive Director, Head of Treasures Investment Product & Advisory, CBG & Wealth Management, DBS Bank (Hong Kong) Limited

Belle Liang

Head of Investment Advisory and Executive Director of Hang Seng Investment Services, Hang Seng Bank Limited

Bryan Goh

CEO /CIO, Tsao Family Office Pte. Ltd

Catherine Chen

Founder and CEO AvantFaire Investment Management

Chiong Kong Chan

Investment Director, Tsao Family Office

Chris Ryan

Chairman & CEO, First Harbour Capital Partners Ltd

Dr. Christophe Faugère

Kedge Business School, Bordeaux France

Clement Lai

Senior Investment Advisor of the Investment Advisory Department, Hang Seng Bank Limited

Colin Low

Head of Investment Research, Wealth Management Alliance

Elsa Pau

CEO, WealthAsia Group

Gilbert Heng

Head of Product Due Diligence & Governance, CBG & Wealth Management, DBS Bank (Hong Kong)

Greg Hargrave

Chairman at Viewbank Capital

Janet Li, CFA

Partner, Asia Head Business Leader, Mercer

Jaye Chiu

Head of Investment Products & Advisory, Bank of East Asia

Jessica Broomhall

Associate Director, Climate & Sustainability PricewaterhouseCoopers

Joanne Murphy, CAIA

Managing Director, Asia Pacific, CAIA Association

Jonathan Wan

Deputy Head of Retail Banking, ICBC (Asia) Limited

Katy Yung

Managing Partner Sustainable Finance Initiative

Larry Cao, CFA

Senior Director of Industry Research, CFA Institute

Leo Lee

Chief Investment Officer, Grace Harmony (Hong Kong) Limited

Leonie Kelly

Director, Head of Sustainable Investment Consulting, Hong Kong Ogier Global's Sustainable Investment

Loretta Ng

Associate Director, Climate & Sustainability PricewaterhouseCoopers

Mah Ching Cheng, CFA

Fund Advisory | Vice President Investment Products and Solutions, UOB Private Bank

Mahesh Harilela

Chairman and CEO M. Harilela Global Investments

Maria Tsui

Partner, Asset and Wealth Management Practice PricewaterhouseCoopers

Marie-Anne Kong

Partner, Asset Management Industry Leader, PricewaterhouseCoopers

Martin W. Hennecke, St. James Place

ceoAsia Investment Director St. James's Place Wealth Management

Michael Au

Managing Director District Capital

Nicholas Leung

Senior Vice President – Section Head, Investment Products & Advisory, Bank of East Asia

Nick Pollard

Managing Director, Asia Pacific, CFA Institute

Paul Smith, CFA

Independent corporate director

Paula DiPerna

Special Advisor Carbon Disclosure Project (CDP), North America

Peter Ryan-Kane CFA

Founder, PeRK Advisory

Philip Niem

Chief Investment Officer Axiom Investment Management Limited

Ronald W. Chan 

Founder & CIO Chartwell Capital

Simon Liu

Senior Investment Manager, St. James’s Place Wealth Management Group

Stephan Repkow

CEO and Founder, Wealth Management Alliance

Stephanie Choi

Sustainable & Impact Investing Strategist, Chief Investment Office UBS Global Wealth Management

Wong Meng Keet

Head of Managed Product Solutions UOB Private Bank

Wyman Leung

Chief Investment Officer, AMG Financial Group Ltd

Yuni Choi

Associate Director of Investment RS Group

KEY DATES

Entry Opens: Monday, August 16, 2021
Close of Entry:Thursday, September 16, 2021
Submission Deadline:Friday, October 22, 2021
Judging Period:
Late October to Mid-November, 2021
Gatekeeper ForumNovember 2-4, 2021
Results Announcement: Last week of November, 2021
Media Outreach:January, 2022
Social Media CampaignFebruary, 2022
Gala Dinner: (subject to regulations)Mid-January, 2022
PROCESS

First, decide on which investment categories you would like to put forward. It could be something you take considerable pride in or an offering you want a candid assessment on by gatekeepers who are Institutional Pension investors and Due diligence representatives from MPF  Trustees and Sponsors. 

After confirming your registration, you will receive a link to the online submission portal to answer the Benchmark questionnaire and submit attachments to substantiate your responses. The questionnaire is structured according to 5 pillars which the judging panel and we consider to be key indicators of high-quality asset management in the Investment approach; Portfolio Management; Performance & Risk; Stewardship; and Corporate Quality.

JUDGING

In consultation with our panel of Trustee and Sponsor jurors, plus a handful of independent consultants and researchers – we’ve designed a scoring system with a questionnaire containing multiple options and binary answers. There are three levels of scores. The final score is a weighted combination of Levels I, II, and III:

Level I Score:    Fund Questionnaire
Level II: Score:  Juror Assessment
Level III Score:  The Gatekeeper’s Forum

Overall Score = 60% (Level I) + 30% (Level II)+ 10% (Level III)

Level I Score: All participants are scored based on their selections of the options preset for each question in the Fund Questionnaire. The scores are also pre-defined for each option in each question along the five key pillars.  

Level II Score: Jurors who have signed up/assigned to a particular peer group will score based on their experience with the fund house and team and the overall Level I scores presented to them. Scoring at this level could be relatively subjective, as each juror has its selection priorities, often guided by their underlying fiduciary requirements.  

Level III Score: All participants are invited to join The Gatekeeper’s Forum to present their strategies to the jurors. This is a highly curated forum where only the  Product Specialists and Due Diligence specialists are invited to meet the Senior Gatekeepers in person.  During the 30 minute session, a panel of 6-8 jurors will ask in-depth questions along the five key pillars for further understanding of the team practices. Jurors will score based on their satisfaction with the information received during the session.

KEY DATES

Entry Opens: Monday, August 16, 2021
Close of Entry:Thursday, September 16, 2021
Submission Deadline:Friday, October 22, 2021
Judging Period:
Late October to Mid-November, 2021
Rebuttal Sessions2nd week of November, 2021
Results Announcement: Last week of November, 2021
Media Outreach:January, 2022
Social Media CampaignFebruary, 2022
Gala Dinner: (subject to regulations)Mid-January, 2022
PROCESS

First, decide on which investment strategies you would like to put forward. It could be something you take considerable pride in.

Second, click on the “Enter” button below and select the appropriate categories.

After confirming your registration, you will receive a link to the online submission portal to answer the Benchmark questionnaire and submit attachments to substantiate your responses. 

JUDGING

In consultation with our panel of Trustee and Sponsor jurors, plus a handful of independent consultants and researchers – we’ve designed a scoring system with a questionnaire containing multiple options and binary answers. There are three levels of scores. The final score is a weighted combination of Levels I, II, and III:

Level I Score:    Submission Questionnaire
Level II: Score:  Juror Assessment
Level III Score:  The Rebuttal Session

Overall Score = 30% (Level I) + 60% (Level II)+ 10% (Level III)

Level I Score: All participants are scored based on their selections of the options preset for each question in the respective category Questionnaire. The scores are also pre-defined for each option in each question along the key pillars.  

Level II Score: Jurors who have signed up/assigned to a particular peer group will score based on their experience with the Trustees and the overall Level I scores presented to them. Scoring at this level could be relatively subjective, as each juror has its selection priorities, often guided by their underlying fiduciary responsibilities.  

Level III Score: All participants are invited to join the Rebuttal Session to answer questions presented by the jurors. This is a highly curated forum where only the Product Specialists and Due Diligence specialists of intermediaries and consultants are invited to meet the Jurors in person.  During the 45 minute session, a panel of 3-5 jurors will ask in-depth questions along the key pillars for further understanding of the team practices. Jurors will score based on their satisfaction with the information received during the session.

KEY DATES

Entry Opens: Monday, August 16, 2021
Close of Entry:Thursday, September 16, 2021
Submission Deadline:Friday, October 22, 2021
Judging Period:
Late October to Mid-November, 2021
Rebuttal Sessions2nd week of November, 2021
Results Announcement: Last week of November, 2021
Media Outreach:January, 2022
Social Media CampaignFebruary, 2022
Gala Dinner: (subject to regulations)Mid-January, 2022
PROCESS

First, decide on which investment strategies you would like to put forward. It could be something you take considerable pride in.

Second, click on the “Enter” button below and select the appropriate categories.

After confirming your registration, you will receive a link to the online submission portal to answer the Benchmark questionnaire and submit attachments to substantiate your responses. 

JUDGING

In consultation with our panel of Trustee and Sponsor jurors, plus a handful of independent consultants and researchers – we’ve designed a scoring system with a questionnaire containing multiple options and binary answers. There are three levels of scores. The final score is a weighted combination of Levels I, II, and III:

Level I Score:    Submission Questionnaire
Level II: Score:  Juror Assessment
Level III Score:  The Rebuttal Session

Overall Score = 30% (Level I) + 60% (Level II)+ 10% (Level III)

Level I Score: All participants are scored based on their selections of the options preset for each question in the respective category Questionnaire. The scores are also pre-defined for each option in each question along the key pillars.  

Level II Score: Jurors who have signed up/assigned to a particular peer group will score based on their experience with the Sponsors and the overall Level I scores presented to them. Scoring at this level could be relatively subjective, as each juror has its selection priorities, often guided by their underlying fiduciary responsibilities.  

Level III Score: All participants are invited to join the Rebuttal Session to answer questions presented by the jurors. This is a highly curated forum where only the Product Specialists and Due Diligence specialists of intermediaries and consultants are invited to meet the Jurors in person.  During the 45 minute session, a panel of 3-5 jurors will ask in-depth questions along the key pillars for further understanding of the team practices. Jurors will score based on their satisfaction with the information received during the session.

BEST VALUE  

OPTION 1:  Special BlueOnion Membership Offer:

Flat Fee: USD 3,500

1. Unlimited Investment Manager Category Entries
2. Full Access to the BlueOnion Fund Hub platform containing Sustainability and Quantitative data to over 180,000 funds for one full year
3. Unlimited download of a Sustainability Report for the funds entered into the competition for one full year
4. Attending the Gatekeeper Forum

OPTION 2: Non-BlueOnion Members 

Pay on Demand: USD 980 per Category

  1. Attending the Gatekeeper Forum
  2. One-time Sustainability Report of the Participating Strategy

BEST VALUE  

OPTION 1:  Special BlueOnion Membership Offer:

Flat Fee: USD 3,500

1. Unlimited Trustee Category Entries
2. Full Access to the BlueOnion Fund Hub platform containing Sustainability and Quantitative data to over 180,000 funds for one full year
3. Unlimited download of Sustainability Reports for one full year

OPTION 2: Non-BlueOnion Members: 

Pay on Demand: USD 980 per Category

  1. Attending the Rebuttal Sessions attended by members of the Judging Panel
  2. One-time Sustainability Report for the Flagship fund participated in the Stewardship Category

BEST VALUE  

OPTION 1:  Special BlueOnion Membership Offer:

Flat Fee: USD 3,500 

1. Unlimited Sponsor Category Entries
2. Full Access to the BlueOnion Fund Hub platform containing Sustainability and Quantitative data to over 180,000 funds for one full year
3. Unlimited download of Sustainability Reports for one full year

OPTION 2: Non-BlueOnion Members: 

Pay on Demand: USD 980 per Category

  1. Attending the Rebuttal Sessions attended by members of the Judging Panel
  2. One-time Sustainability Report for the Flagship fund participated in the Product Due Diligence, ESG Integration and Impact Initiative Categories

The Gatekeeper Forum

The Gatekeeper Forum for MPF is a sub-set of the judging process. The Forum is a highly curated platform that connects both the buy and sell-side of funds and empowers gatekeepers who are Institutional Pension investors, MPF Sponsors, and MPF Trustees to look under the hood before investing or including Constituent Funds. Three to five jurors hold a two-way conversation with the underlying manager of a contesting strategy. The forum allows the contestants’ CIO or Portfolio Manager to showcase how they're running a profitable strategsystemspond to technical questions raised by the gatekeepers. Another purpose of The Gatekeepers' Forum is to promote investment clarity and transparency. The interaction between senior fund house representatives and our jurors can reveal the contesting strategies' underlying idea generation and philosophy from multiple perspectives, particularly from a qualitative and ESG perspective. Participants who are present at the forum receive Level III scoring points. Each juror has up to 10 points to allocate to each participant. Only jurors with a valid invitation link can select the sessions they are interested in deep-diving. 

The Rebuttal Sessions

The Rebuttal session is a critical process to hear directly from vertical experts on assessing your submission materials.  This session is an exchange platform for intermediaries and experts jurors to understand better your metrics and KPIs behind the drivers for products and service level capabilities and for you to receive a summary of expert reviews and findings.  The contestants will be allowed to offer clarification on materials that could be misunderstood or lacking during the submission, thereby increasing the chances of winning. 

Organizer
Official Research Platform
Education Partner
Education Partner
Supporting Partner
Data Partner
Co-Organizer
Sustainability Data Partner
Social Media Partner

The Benchmark Sustainable Wealth Forum is a knowledge exchange where industry leaders and winners of the Benchmark awards are featured. The Forum covers the financial eco-system and discovers the inside out of the providers’ practices that lead to a more sustainable industry through responsible and ethical investing in protecting the investors across multiple generations. The inaugural series covers the Winners at the Benchmark Wealth Management Awards and the Benchmark Fund of the Year Awards 2020. The topics covered in the Asset Management Series include Investment Propositions, Sustainability, and ESG approaches, Investor Protection, and Global Opportunities and Risks.  Between March and May of this year, we have helped seven winning companies gain over 200,000 impressions per interview on LinkedIn and Facebook with an average engagement rate of 3.16% compared to the market average of 2%.